Historic Market Test On Deck: Record $179BN In Treasurys For Sale Today...
• https://www.zerohedge.com,Historic Market Test On Deck: Record $179BN In Treasurys For Sale Today, Quarter Trillion This Week
Contents Pages by Subject
Economy - Economics USA
Now This Money
• https://www.facebook.comThis is what the Federal Reserve Really Does...
Goldman Sachs sees red ink everywhere, warns US spending could push up rates and debt levels
• https://www.cnbc.comGoldman Sachs sees a tidal wave of red ink -- and it may drag the U.S. economy into its undertow. Federal deficit spending is headed toward "uncharted territory," the firm said on Sunday, suggesting that the Trump administration and Congressional R
Housing Starts Surge Unevenly: Surprised? Why?
• https://www.themaven.net, by Mike Mish ShedlockHousing starts jumped 9.7% but the surge was primarily in the South, and primarily multi-family.
1988 National Journal Profile: A Free-Lance Crab Apple Shaking the Federal Tree
• http://jimbovard.com, by JimI was rummaging through old files tonight and stumbled across this profile from 30 years ago. Charles Clark did a kindly write-up which I much appreciated. The World Bank hated me back then so National Journal photographer Richard Bloom and I trompe
Max Keiser / Mish Video Right Before Volatility Hit
• themaven.net by Mike Mish ShedlockI was on the air with Max Keiser on Friday, February 2. The video is just out now as Stacy and Max were in Mexico.
Don't Let Trump's Fed Pick Choke the Recovery
• https://www.bloomberg.com, by Karl W. SmithEconomist Marvin Goodfriend has been way too jittery about inflation. And he's been wrong.
Bad News for Buyers: U.S. Mortgage Rates Hit Highest Since 2014
• https://www.bloomberg.com, By Prashant GopalShanne Sleder, a San Diego mortgage banker, recently had to break the bad news to some would-be homebuyers: Borrowing costs jumped about 6 percent since he pre-approved them a couple months ago.
3 Forces Driving Interest Rates Higher
• https://www.libertarianinstitute.orgIn the past two weeks, interest rates have gone up sharply, sparking turmoil in the stock market. To take one example, the rate on 10-year Treasury bonds went from 2.66% on Jan. 26 to close at 2.85% on Feb. 12.
Hooray! The Fed's Survey Says "Consumers Express Continued Optimism"
• https://www.themaven.netI like to read the Fed's monthly survey of consumers because hardly anyone else does, including the top Fed officials.
Do Financial Markets Still Exist?
• Paul Craig Roberts, Dave Kranzler, Michael HudsonFor many decades the Federal Reserve has rigged the bond market by its purchases.
No Bond Vigilantes: Just Record Short Futures Speculators
• https://www.themaven.net, by Mike Mish ShedlockA reader asked me about 'Bond Vigilantes' after reading this article: 'Bond Vigilantes' are Saddled Up and Ready to Push Rates Higher.
Max Keiser / Mish Video Right Before Volatility Hit
• https://www.themaven.net, by Mike Mish ShedlockI was on the air with Max Keiser on Friday, February 2. The video is just out now as Stacy and Max were in Mexico.
BofA Survey: Fund Managers Panic-Buy Downside Protection, Rush Out Of Equities
• https://www.zerohedge.com, by Tyler DurdenAccording to the latest BofA Merrill Lynch February Fund Manager Survey (163 participants with $510BN in AUM responded), active managers finally got reacquainted with gravity and were not happy with the experience, or as BofA puts it, investor anxiet
Stocks Bounce After Powell Vows Fed "Will Remain Alert To Financial Stability Risks"
• https://www.zerohedge.com, by Tyler DurdenStocks enjoyed a brief pop, which was immediately retraced, when moments ago the Fed released new chair Jay Powell's prepared remarks from his Ceremonial Swearing in ...
This may be the beginning of the Great Financial Reckoning
• https://www.sovereignman.comLess than two weeks ago, the United States Department of Treasury very quietly released its own internal projections for the federal government's budget deficits over the next several years.
32% Of Used Car Trade-Ins Are Underwater
• arcleinThe record percentage of underwater loans on trade-ins suggests that car owners are trading in their vehicles sooner than they had previously. According to Bloomberg, "a consumer is often the most underwater on his or her auto loan in the first few
The Military Industrial Complex Strikes Again: War Spending Will Bankrupt America
• John Whitehead - Rutherford InstituteRight now, the U.S. government is operating in the negative on every front: it's spending far more than what it makes (and takes from the American taxpayers) and it is borrowing heavily (from foreign governments and Social Security) to keep the gov
White House Releases 55-Page, $1.5 Trillion Infrastructure Plan
• https://www.zerohedge.com, by Tyler DurdenJust like Trump promised during his State of the Union address late last month, the White House has released an infrastructure package Monday that hopes to raise $1.5 trillion to help rebuild American roads, bridges and airports.
What Just Changed?
• https://www.zerohedge.com, by Charles Hugh SmithThe illusion that risk can be limited delivered three asset bubbles in less than 20 years.
Dead. Market. Walking...
• arcleinLiquidity in the "most liquid equity futures contract in the world" has evaporated. As Nanex's Eric Scott Hunsader exclaims, "Liquidity has flatlined... just incredible..." As Jason Diomedes (@TradingWits) writes ominously, this liquid
"How Much Worse Will It Get?" That's What Goldman's Clients Want To Know
• https://www.zerohedge.com, by Tyler DurdenLast weekend, just after the 666-point crash in the Dow which seemingly came out of nowhere after the market misinterpreted the average hourly wages print as strong (when in reality it was weaker than expected when factoring in the slide in hours wor
Another Bloodbath: Sector by Sector Carnage - No Hiding Places
• https://www.themaven.net, by Mike Mish ShedlockNo Hiding Places
San Francisco Bay Area Experiences Mass Exodus Of Residents
• http://sanfrancisco.cbslocal.com, By Len RamirezThe number of people packing up and moving out of the Bay Area just hit its highest level in more than a decade.
Here Comes The Yield Shock---The Beltway Borrowers Are Going Berserk
• davidstockmanscontracorner.com, By David StockmanYou can say this for the swamp creatures: Their gall knows no limits.
The Dow Falls 1,032 Points! Has The Financial Crisis Of 2018 Officially Arrived?
• theeconomiccollapseblog.com, By Michael SnyderWe haven't seen this kind of a bloodbath on Wall Street since the great financial crisis of 2008
No. It's not over
• https://www.sovereignman.comLast night I was checking out tickets for some upcoming travel. I'll be headed to Colombia soon to check on the progress of a large cannabis investment we've made there, then off to Miami for an event with our Total Access members.
DC 'Plunge' team may have halted unprecedented Dow Jones spiral
• https://nypost.com, By John CrudeleDid Washington save the stock market on Monday?
Q4 GDP Hopes Fade As US Trade Deficit Hits Widest Since Oct 2008
• https://www.zerohedge.com, by Tyler DurdenHopes for a resurgent Q4 GDP may be stymied as the US trade balance dropped to a new post-Trump wide deficit in December of -$53.1bn (worse than expected $52.1bn) as trade imbalances with Europe and China both worsened.
Former Lehman Trader: "There's More Pain To Come For Markets"
• https://www.zerohedge.comThere's More Pain to Come for Global Equity Markets: Macro View There's been a rapid deterioration in market fundamentals and that means that, even at these much lower prices, global stocks don't look attractive yet.
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